The value of the Swiss franc relative to the dollar would decrease if the demand for dollars increases and the supply of Swiss francs
A. remains unchanged.
B. increases.
C. decreases.
D. all of the above are correct
Answer: B
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A monopolist has equated marginal revenue to zero. The firm has:
A) maximized profit. B) maximized revenue. C) minimized cost. D) minimized profit.
Which of the following scenarios would most likely occur with a company that has reported disappointing earnings recently but still looks to be financially stable for quite some time?
A. high long-term solvency ratio but low profitability ratio B. high short-term solvency ratio but low profitability ratio C. high long-term solvency ratio but low activity ratio D. high short-term solvency ratio but low activity ratio
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
Which of the following statements about dumping is true?
A. Dumping helps to improve the importing country's terms of trade. B. Predatory dumping occurs quite frequently in modern markets. C. Consumers and import-competing producers in the importing country are both hurt by dumping. D. Logically, an import country should never allow seasonal and introductory-price dumping.